Carriage Services (Carriage Services) Debt-to-EBITDA

: 4.94 (As of Dec. 2023)

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Debt-to-EBITDA measures a company's ability to pay off its debt.

Carriage Services's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3.8 Mil. Carriage Services's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $600.8 Mil. Carriage Services's annualized EBITDA for the quarter that ended in Dec. 2023 was $122.3 Mil. Carriage Services's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 4.94.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for Carriage Services's Debt-to-EBITDA or its related term are showing as below:

CSV' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 5.22 Med: 5.89 Max: 7.74
Current: 5.75

During the past 13 years, the highest Debt-to-EBITDA Ratio of Carriage Services was 7.74. The lowest was 5.22. And the median was 5.89.

CSV's Debt-to-EBITDA is ranked worse than
60.76% of 79 companies
in the Personal Services industry
Industry Median: 3.81 vs CSV: 5.75

Carriage Services Debt-to-EBITDA Historical Data

The historical data trend for Carriage Services's Debt-to-EBITDA can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Carriage Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

7.74

6.13

6.32

5.88

5.75

Carriage Services Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-EBITDA																6.09	6.12	5.78	7.08	4.94

Competitive Comparison

For the Personal Services subindustry, Carriage Services's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Carriage Services Debt-to-EBITDA Distribution

For the Personal Services industry and Consumer Cyclical sector, Carriage Services's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Carriage Services's Debt-to-EBITDA falls into.

Carriage Services Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Carriage Services's Debt-to-EBITDA for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(3.842	+	600.788)	/	105.213
	=	5.75

Carriage Services's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(3.842	+	600.788)	/	122.284
	=	4.94

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Dec. 2023) EBITDA data.

Carriage Services (NYSE:CSV) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.

Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

Carriage Services Debt-to-EBITDA Related Terms

Thank you for viewing the detailed overview of Carriage Services's Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.

Carriage Services (Carriage Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Carriage Services Inc (NYSE:CSV) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

C57:Germany

Address

3040 Post Oak Boulevard, Suite 300, Houston, TX, USA, 77056

Website

https://www.carriageservices.com

Carriage Services Inc is a leading provider of funeral and cemetery services and merchandise in the United States. It operates in two business segments: The Funeral Home Operations segment offers burial, cremation, and consultation services; removes and prepares remains; sells caskets, urns, and related funeral merchandise; and enables the use of funeral home facilities for visitation, remembrance, and transportation services. The Cemetery Operations segment provides services, such as mausoleum crypts, private estates, lawn crypt gardens, traditional single burial gravesites, and burial vaults. The majority of revenue is derived from The Funeral Home Operations segment.

Executives

Julie Sanders	director	3040 POST OAK BLVD., CARRIAGE SERVICES, SUITE 300, HOUSTON TX 77056
Somer Webb	director	C/O SOLO BRANDS, INC., 1001 MUSTANG DRIVE, GRAPEVILLE TX 76051
Charles Fargason	director	11510 QUAIL HOLLOW LANE, HOUSTON TX 77024
Melvin C Payne	director, officer: CEO	3040 POST OAK BLVD, SUITE 300, HOUSTON TX 77056
Paul Donald Elliott	other: Regional Partner	5219 LAURELWOOD, KINGWOOD TX 77345
Shane Pudenz	officer: VP of Sales and Marketing	3040 POST OAK BLVD., CARRIAGE SERVICES, SUITE 200, HOUSTON TX 77056
Lance Kian Granmayeh	officer: EVP, CFO and Treasurer	1201 LOUISIANA STREET, SUITE 3100, HOUSTON TX 77002
Patteson Donald Douglas Jr	director	1111 BAGBY, SUITE 1600, HOUSTON TX 77002
Adeola Olaniyan	other: Principal Accounting Officer	3040 POST OAK BLVD., SUITE 300, HOUSTON TX 77056
Steven D Metzger	other: Senior VP and General Counsel	6332 SCHILLER STREET, HOUSTON TX 77055
Carlos R. Quezada	officer: VP of Cemetery Sales/Marketing	3040 POST OAK BLVD., SUITE 300, HOUSTON TX 77056
Carl Benjamin Brink	officer: Principal Financial Officer	28634 PLEASANT FOREST DRIVE, KATY TX 77056
Robbie Pape	other: Sr. VP & Regional Partner	3040 POST OAK BLVD, SUITE 300, HOUSTON TX 77056
Peggy Schappaugh	officer: VP of Operations & Acquistions	3040 POST OAK BLVD., SUITE 300, HOUSTON TX 77056
Shawn R Phillips	other: Regional Partner	3040 POST OAK BLVD, SUITE 300, HOUSTON TX 77056